Charlie Munger: Investing is a game of waiting!

95% of the time waiting,

4% of the time analyzing and thinking,

less than 1% of the time operating.

When the opportunity arises, see it,

the simplest approach is the best.

Both Buffett and I were once very poor,

we only invested the money we saved,

investing in this business means controlling costs,

living simply, that is the secret!!